2014 Sale Results

Does anyone know what the results were for the Mid-Atlantic sale? I had kinda thought I might hear something afterwards but haven’t. The website doesn’t appear to have been updated since the sale. How did it go?

I did take a moment to glance at the results from the Morgan Opportunity Auction that happened last night through Addis Online Auctions. This auction was mostly a sale of Springmill stock, but included others. You can see the results here: http://www.addisliveonlineauctions.com/en/events/1554/lots

Combined with the 2013 Hylee Sale (I figure that sale happened after the close of show season so it’s still very relevant) these 2 sales had just over 40 horses. Only 3 no-sales, nothing over $20K and only 1 horse over $10K, 13 (that’s over 31%, almost 1 in 3!) under $2K. That puts the average sale price right around $3765.

Most of these horses were very well bred and some were fairly along in their training and some even had show records. How do you feel this reflects on the market as a whole? Are auctions like this a good barometer for private sales? How does this make you feel about the “lack of young stock” discussion? Do you think it’s even related?

One Response to 2014 Sale Results

  1. empressive says:

    No idea, but that is very interesting. At the end of the day everything intertwines. I think having sales like these will cause buyers to realize that if they do not buy there is a sale the horse can be sent to. This can go two ways. One make it a sellers market (within means) and more horses will sell when posted or buyers will get smart and wait for sales.

    That said I think these sales are a good barometer for private sales. Generally you want to earn back what you’ve put in. With these sales a private seller can now balance the price better. The horses would not sell for those prices if the audience did not deem them worth it. The more auctions we have the better we will be able to price horses and see what the consumers want.

    Do auctions make or break prices overall? Not at all. Auctions do not happen too often so the sale prices must be taken with a grain of salt, but it is a nice heads-up for sellers who could use an approximate idea of the ever elusive consumer and what they want/ willing to pay for.

    As for young stock it is related, but I’m not entirely sure of the specifics. There are currently enough horses on the market that no one really needs to purchase or breed for young horses. I can see the market with a “why purchase what is already trained or old enough for use?” mentality. I mean whatever discipline you want there is a horse for you! And sellers are actively trying to sell and work with buyers.

    We are already stringent on breeding due to the economy so add to that the fact that many buyers want immediate gratification and some are breeding simply for themselves. Not to mention still other breeders are looking at their own stock and wondering what to breed to anyway.

    We are enjoying our already long lived Morgans for a longer time. So there is less need to by. I believe the auctions give even more so the idea that untrained horses in general are very much less valuable. Young horses seem to have a comparable sell rate to horses with beginning training. So there is hope, but I think breeders will need to hold onto their youngstock a little longer.

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